Biodiesel is Working for America

Fighting Back

•Biodiesel provides a net positive for the weakened economy, the environment, our energy security and the food supply•GMA members have demonstrated they will say anything to defend their profits•The sound, progressive policy in RFS-2 could be destroyed by unreasonable ILUC assumptions

IMPACTING AMERICA’S ECONOMY AND ENVIRONMENT

Or what we would have missed without the help of America’s farmers…

2008 Domestic Biodiesel Production

• Displaced 690 million gallons of foreign oil

• Supported 51,893 green collar jobs • Added $4.29 billion to the GDP • Increased tax revenue by $866 million

US Biodiesel is already one of the most diverse fuels imaginable.

Successful growth in biodiesel is driving innovation in plant science research and feedstock development

Biodiesel from Soy is a net positive to the food supply and the environment.

Biodiesel and Soy are Part of the Solution for World Hunger

Fighting Back

•Soybeans are 80 percent protein rich meal and 20 percent oil. Biodiesel uses only the oil•400 million gallons of biodiesel from soybeans co-produced enough soybean meal for 115 billion rations of protein for the hungry

then and now

Oil

Gas

SoyLoaf of

Bread

Prices Early 2008

Pricesat end of 2008

$147 per barrel $56 per barrel(62% drop)

$4 per gallon $2.10 per gallon(45% drop)

$16 $8(50% drop)

$2.79 $2.99(7% hike)

GMA Board Members Explain Their Profits

That was then, this is now

Then

Kraft Profits Up 200% (3Q 2008)“Forty percent of the food supply is being diverted for

use in fuel.”

GMA Board Members Explain Their Profits

That was then, this is now

NowNestle Profits Up

69%“It is probable that in 2009 we have a

decline in production and we

will have an increase in demand.

This will have another push on raw

materials.”

Text

EPA’s Unreasonable ILUC Assumptions Threaten RFS-2

Fighting Back

EPA proposed a rule that will not allow any domestic feedstocks from vegetable oil•Assumes that 50% of the direct carbon benefits will be offset, despite producing more biodiesel than is called for in 2010

0

100,000,000

200,000,000

300,000,000

400,000,000

500,000,000

600,000,000

700,000,000

800,000,000

900,000,000

1,000,000,000

Gallons

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009EISA

2010EISA

2011EISA

2012EISA

National Biodiesel Board• 16 years as only trade assoc rep.

indusry

• Extensive Policy, tech, market devlp prioritization

• Coordination is paramount

• Commitment to staffing resources

Federal Affairs Team

State Regulatory Program